>

>

[UPDATE] Kai Fook Mansion at Kim Tian Road up for collective sale at $123 mil

By Valerie Kor

/ EdgeProp Singapore |

March 8, 2021 1:15 PM SGT

Join our Telegram channel and follow our Facebook for the latest update.

SINGAPORE (EDGEPROP) - Kai Fook Mansion, a property sitting on a 9,999-year leasehold site measuring 15,896 sq ft, has been put up for collective sale through public tender by sole marketing agent Huttons Asia. The asking price is $123 million.

The property is zoned for “residential with commercial at 1st storey” with an allowable gross plot ratio of 3.0. The site can be developed into a six-storey residential building with 41 residential apartments with an average size of 915 sq ft. It could also have around 12,500 sq ft of commercial spaces, which can house a hypermart, F&B outlets, or co-working spaces, subject to planning approval.

The site is a three-minute walk to Tiong Bahru MRT Station and Tiong Bahru Plaza. The existing total strata area is 49,944 sq ft.

Terence Lian, head of investment sales at Huttons Group, says: “The site offers an excellent redevelopment opportunity for developers to create a contemporary masterpiece within the nostalgic and vibrant Tiong Bahru estate.” Tiong Bahru is a popular area for both locals and expatriates due to its rich cultural heritage, mix of cafes and bookstores, as well as close proximity to the city centre.

“It is not only a great place to live in, but also has excellent connectivity to the various parts of Singapore," adds Angela Lim, deputy head of investment sales for Huttons Group.

The public tender for Kai Fook Mansion closes on May 19 at 12pm.

Check out the latest listings near Kai Fook Mansion, Tiong Bahru MRT Station and Tiong Bahru Plaza

Tags:

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Couple ‘addicted to fresh starts’ offer Vanda Rd semi-detached for sale at $13.8 mil

2

Residential transactions with contracts dated Aug 22 to 29 [DONE DEALS]

3

Lentor Central GLS site receives two bids, highest bid at $982 psf ppr

4

CDL puts in top bid for Champions Way GLS site at $904 psf ppr

5

Chinese tycoon's Bright Ruby Resources buys Far East Shopping Centre en bloc for about $908 mil

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00